Equal

Equal

Private
Hyderabad, TelanganaEnterprise Softwarehttps://www.equal.in

Last Round

Series A

Nov 11, 2024

Est. Valuation

$80M

Total Funding Raised

$10M

Momentum Score

75 /100

Company Overview

Equal is a technology company based in Hyderabad, India, that provides identity verification workflows and APIs. Founded in 2022 by Rajeev Ranjan and Keshav Reddy, the company offers a platform for businesses to streamline consumer onboarding, Know Your Customer (KYC) checks, digital logins, and employee background verification. The platform integrates with over 50 identity providers and allows for the creation of custom, automated workflows with built-in fraud detection and a consent management system to ensure compliance with regulations like the DPDP Act, 2023. Equal aims to simplify identity verification for various industries, including banking, finance, and healthcare. The company has raised $10.2 million in funding and is valued at $80 million.

Sector

Enterprise Software

Verticals

Digital Identity, HR, Compliance, RegTech

Business Model

B2B

Customer Profile

Usage-Based SaaS, Subscription SaaS

AI Layer

Application

Keywords

identity verificationID verificationBGVknow your customerKYCbackground verificationonboarding automationverification APIAadhaar verificationPAN verificationdigital identityRegTechHR techcompliance automationbank account validationusage-based billingworkflow builder

Historical Pricing

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Caplight Momentum Score

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Equal Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Equal Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series ANov 11, 2024

Equal Investors

Notable investors and investment history

InvestorRounds
DST GlobalSeries A
Blume VenturesSeries A
Tomales Bay CapitalSeries A
Prosus VenturesSeries A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Feb 3, 2026

    Added HDFC Limited, a financial services firm, as a customer.

  • Feb 3, 2026

    Added Icici Bank Ltd, a banking enterprise, as a customer.

Equal Filings

SEC and related filings with document metadata.

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Equal Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Equal's valuation, stock price, and market status.

Firmographic Details

HeadquartersHyderabad, Telangana
Employee Range82
Year Founded2022
Last FundingNov 11, 2024

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